Morning Market Wrap
31 Aug 2025
Wall Street closed out August on a weaker note as technology stocks, which have led the market’s recovery since April, sold off heavily.
Minimum Investment Amount and Period
Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, "Lorem ipsum dolor sit amet..", comes from a line in section 1.10.32.
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Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, "Lorem ipsum dolor sit amet..", comes from a line in section 1.10.32.
Period
Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, "Lorem ipsum dolor sit amet..", comes from a line in section 1.10.32.
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*Note: These prices are based on futures and/or CFD pricing and may therefore differ slightly from spot pricing.
Commodities and currencies
Commodity markets closed mixed. Brent crude slipped 0.7 per cent to US$68.12 a barrel, while West Texas Intermediate settled 1 per cent lower at US$63.97. Gold extended its rally, climbing 0.9 per cent to US$3,448 an ounce, benefiting from safe-haven flows amid equity volatility. Iron ore eased 0.4 per cent to US$103.70 a tonne, reflecting persistent demand uncertainty out of China.
In currencies, the Australian dollar edged up 0.1 per cent to US65.40¢, supported by expectations of further RBA easing later this year. The euro firmed modestly to US$1.17, while the yen and sterling were little moved.
Cryptocurrencies weakened, with bitcoin down 3.8 per cent to US$107,748 and ether off 2.6 per cent to US$4,344.
Economic Calendar
US:
- Personal Income July 22:30
- Personal Spending July 22:30
- Core PCE Price Index 22:30
- Wholesale Inventories MoM 22:30
- MNI Chicago PMI 23:45
AU:
- Private Sector Credit MoM/YoY 11:30
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